FPGO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FPGO
Largest movements
- Cash +€65,007
new in 2025: €65,007
mainly Current investments (+€55,896) and Receivables within one year (+€9,863)
- Current investments -€55,896
no longer reported in 2025 (was €55,896)
- Receivables within one year -€9,863
down €9,863 (-60.0%), from €16,445 to €6,582
- Tangible fixed assets -€2,296
down €2,296 (-29.1%), from €7,888 to €5,592
of which Other tangible fixed assets: -€1,356
- Reserves +€8,618
up €8,618 (+21.4%), from €40,212 to €48,830
- Other debts -€8,313
down €8,313 (-72.9%), from €11,409 to €3,096
- Tax, wage and social debts -€3,949
down €3,949 (-41.5%), from €9,515 to €5,566
of which Remuneration and social security: -€2,075
- Gross operating margin +€1,887
up €1,887 (+11.8%), from €16,018 to €17,905
- Taxes +€1,299
up €1,299 (+36.8%), from €3,530 to €4,829
- Financial income +€582
up €582 (+1662.9%), from €35 to €617
- Other operating charges +€348
up €348 (+47.3%), from €736 to €1,084
- Depreciation -€198
down €198 (-7.9%), from €2,494 to €2,296
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,279 | €77,380 | -€2,899 | -3.6% |
| Fixed assets | 21/28 | €7,888 | €5,592 | -€2,296 | -29.1% |
| Tangible fixed assets | 22/27 | €7,888 | €5,592 | -€2,296 | -29.1% |
| Furniture and vehicles | 24 | €2,862 | €1,922 | -€940 | -32.8% |
| Other tangible fixed assets | 26 | €5,026 | €3,670 | -€1,356 | -27.0% |
| Current assets | 29/58 | €72,391 | €71,788 | -€603 | -0.8% |
| Amounts receivable within one year | 40/41 | €16,445 | €6,582 | -€9,863 | -60.0% |
| Trade receivables | 40 | €16,445 | €6,582 | -€9,863 | -60.0% |
| Current investments | 50/53 | €55,896 | - | -€55,896 | |
| Cash at bank and in hand | 54/58 | - | €65,007 | +€65,007 | |
| Deferred charges and accrued income | 490/1 | €50 | €199 | +€149 | +298.0% |
| Total equity and liabilities | 10/49 | €80,279 | €77,380 | -€2,899 | -3.6% |
| Equity | 10/15 | €58,812 | €67,430 | +€8,618 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,212 | €48,830 | +€8,618 | +21.4% |
| Distributable reserves | 133 | €40,212 | €48,830 | +€8,618 | +21.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €21,467 | €9,950 | -€11,517 | -53.6% |
| Amounts payable within one year | 42/48 | €21,045 | €9,015 | -€12,030 | -57.2% |
| Trade debts | 44 | €121 | €353 | +€232 | +191.7% |
| Suppliers | 440/4 | €121 | €353 | +€232 | +191.7% |
| Taxes, remuneration and social security | 45 | €9,515 | €5,566 | -€3,949 | -41.5% |
| Taxes | 450/3 | €7,440 | €5,566 | -€1,874 | -25.2% |
| Remuneration and social security | 454/9 | €2,075 | - | -€2,075 | |
| Other amounts payable | 47/48 | €11,409 | €3,096 | -€8,313 | -72.9% |
| Accrued charges and deferred income | 492/3 | €422 | €935 | +€513 | +121.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,494 | €2,296 | -€198 | -7.9% |
| Other operating charges | 640/8 | €736 | €1,084 | +€348 | +47.3% |
| Gross operating margin | 9900 | €16,018 | €17,905 | +€1,887 | +11.8% |
| Operating profit (loss) | 9901 | €12,788 | €14,525 | +€1,737 | +13.6% |
| Financial income | 75/76B | €35 | €617 | +€582 | +1662.9% |
| Recurring financial income | 75 | €35 | €617 | +€582 | +1662.9% |
| Financial charges | 65/66B | €1,766 | €1,695 | -€71 | -4.0% |
| Recurring financial charges | 65 | €1,766 | €1,695 | -€71 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €11,057 | €13,447 | +€2,390 | +21.6% |
| Income taxes | 67/77 | €3,530 | €4,829 | +€1,299 | +36.8% |
| Profit (loss) for the period | 9904 | €7,527 | €8,618 | +€1,091 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,527 | €8,618 | +€1,091 | +14.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.